Hemant Porwal Sells 4,445 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Hemant Porwal sold 4,445 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the completion of the sale, the executive vice president owned 16,618 shares in the company, valued at $6,035,823.78. This represents a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hemant Porwal also recently made the following trade(s):

• On Wednesday, May 6th, Hemant Porwal sold 2,770 shares of WESCO International stock. The shares were sold at an average price of $360.64, for a total transaction of $998,972.80.

WESCO International Stock Up 3.1%

Shares of NYSE:WCC traded up $11.18 during trading on Monday, reaching $366.49. The stock had a trading volume of 778,539 shares, compared to its average volume of 602,138. WESCO International, Inc. has a one year low of $161.70 and a one year high of $368.90. The company has a market capitalization of $17.83 billion, a P/E ratio of 26.05, a PEG ratio of 2.26 and a beta of 1.54. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $290.91 and its 200 day simple moving average is $275.69.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same period last year, the business earned $2.21 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, research analysts expect that WESCO International, Inc. will post 15.7 EPS for the current fiscal year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.50 dividend. This is a boost from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. WESCO International’s dividend payout ratio (DPR) is 14.21%.

Institutional Trading of WESCO International

Several institutional investors and hedge funds have recently bought and sold shares of WCC. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in WESCO International by 19.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock valued at $145,222,000 after acquiring an additional 111,930 shares during the period. Bank of New York Mellon Corp lifted its stake in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after acquiring an additional 84,905 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in WESCO International by 1,674.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after acquiring an additional 83,650 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its stake in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock valued at $45,506,000 after acquiring an additional 79,612 shares during the period. Finally, Davis Selected Advisers lifted its stake in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after acquiring an additional 71,932 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WCC shares. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. KeyCorp lifted their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays lifted their target price on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Stephens lifted their target price on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, WESCO International currently has a consensus rating of “Buy” and an average price target of $321.38.

WESCO International Company Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value?added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.